CenturyLink, Inc. (NYSE:CTL) Chairman Harvey P. Perry acquired 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $14.32 per share, with a total value of $107,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of CenturyLink, Inc. (CTL) traded up $0.57 during mid-day trading on Friday, reaching $14.67. The company’s stock had a trading volume of 15,064,300 shares, compared to its average volume of 10,852,934. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.82 and a current ratio of 0.82. CenturyLink, Inc. has a 52-week low of $13.16 and a 52-week high of $27.61. The company has a market capitalization of $14,795.00, a price-to-earnings ratio of 7.13, a P/E/G ratio of -4.33 and a beta of 0.79.
CenturyLink (NYSE:CTL) last issued its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.03). The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $4.06 billion. CenturyLink had a return on equity of 7.99% and a net margin of 1.89%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the firm earned $0.56 EPS. equities analysts expect that CenturyLink, Inc. will post 1.6 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be issued a $0.54 dividend. The ex-dividend date is Friday, November 24th. This represents a $2.16 annualized dividend and a dividend yield of 14.72%. CenturyLink’s dividend payout ratio is currently 372.42%.
Several research firms recently issued reports on CTL. BidaskClub lowered CenturyLink from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Cowen reissued a “neutral” rating on shares of CenturyLink in a research note on Monday, August 14th. Zacks Investment Research raised CenturyLink from a “sell” rating to a “hold” rating in a research note on Friday, October 13th. Barclays dropped their price objective on CenturyLink from $23.00 to $19.00 and set an “underweight” rating for the company in a research note on Wednesday, October 4th. Finally, Jefferies Group reissued a “hold” rating and set a $22.00 price objective on shares of CenturyLink in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $23.07.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tredje AP fonden increased its holdings in shares of CenturyLink by 47.1% in the second quarter. Tredje AP fonden now owns 99,244 shares of the technology company’s stock worth $2,370,000 after buying an additional 31,767 shares during the period. Swiss National Bank increased its holdings in shares of CenturyLink by 0.5% in the second quarter. Swiss National Bank now owns 1,902,241 shares of the technology company’s stock worth $45,426,000 after buying an additional 9,400 shares during the period. Synovus Financial Corp increased its holdings in shares of CenturyLink by 20.3% in the second quarter. Synovus Financial Corp now owns 218,719 shares of the technology company’s stock worth $5,242,000 after buying an additional 36,937 shares during the period. Global X MANAGEMENT CO LLC increased its holdings in shares of CenturyLink by 17.1% in the third quarter. Global X MANAGEMENT CO LLC now owns 441,440 shares of the technology company’s stock worth $8,343,000 after buying an additional 64,432 shares during the period. Finally, Front Street Capital Management Inc. increased its holdings in shares of CenturyLink by 94.2% in the second quarter. Front Street Capital Management Inc. now owns 95,448 shares of the technology company’s stock worth $2,279,000 after buying an additional 46,305 shares during the period. Hedge funds and other institutional investors own 82.32% of the company’s stock.
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CenturyLink, Inc is an integrated communications company. The Company is engaged in providing an array of communications services to its residential and business customers. Its segments include business, which provides strategic, legacy and data integration products and services to small, medium and enterprise business, wholesale and governmental customers, including other communication providers, and consumer, which provides strategic and legacy products and services to residential customers.
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